The slow progress raises concerns that some intended corn acreage will not be planted and that yield potential will be negatively impacted by the late planting. Good added that the stronger basis likely reflects a slowdown in farmer sales of old-crop corn even as consumption continues at a rapid pace. Since then, prices have recovered by 50 cents, with the average central Illinois' overnight bid at country elevators quoted at $3. In addition to the stronger basis, cash prices have moved...

Two hundred pounds of crayfish were finished off in three hours. Although she didn't have final attendance numbers for Sunday's event, Holt took the butter and crayfish consumption as a sign that the size of this year's fiesta surpassed last year's attendance of 5,000. But the most important item sweet corn remained plentiful, albeit in dwindling amounts. Food dwindles quickly at Sweet Corn Fiesta. Sixty pounds of butter was ordered for today's Seventh Annual South Florida Sweet Corn...

The growing demand for wheat, a cheaper substitute for corn as animal feed, may pressure the corn prices, said analysts. The USDA data was supportive for soybeans as the agency's first look at the new-crop balance sheet cut stocks in half from the record 2006-07 carryout projections, analysts said. New-crop ending stocks were pegged at 320 million bushels, below the average analyst estimate of 337 million and the USDA's latest old-crop estimate of 610 million. Corn futures also settled...

The latest US wheat forecast is tipping a 20 per cent jump in production as livestock producers turn to wheat as a feed source. The change is due to increasingly expensive corn prices from the booming ethanol market. That, plus strong export demand on tight exportable supplies in Australia and elsewhere, is expected to drive up the average US price for wheat to $US4. US wheat production tipped to jump 20pc. The US Agriculture Department (USDA) now expects a 35 per cent jump in US wheat use...

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